Doing Business by the Good Book Ch 5

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Questions and Answers

What does the biblical theme of adapting to change suggest about life?

  • Change is a natural part of life. (correct)
  • Life is static and unchanging.
  • Change is something to be avoided.
  • All changes are negative experiences.

Which example illustrates the concept of faith in the face of change?

  • Abraham settling permanently in one place.
  • Noah building the ark without knowing the flood's timing. (correct)
  • Isaac refusing to follow his father's guidance.
  • Jacob ignoring God's promises.

How is change portrayed in the context of the natural world?

  • The universe is in a constant state of stillness.
  • Life on Earth remains unchanged over time.
  • The weather patterns are predictable and lack variation.
  • Galaxies and planets are always in perpetual motion. (correct)

What attitude do many people have towards change, according to the discussion?

<p>They often resist it. (A)</p> Signup and view all the answers

What role does hope play in adapting to change as described?

<p>Hope allows for patience in uncertain times. (C)</p> Signup and view all the answers

What does faith require according to the discussion?

<p>Belief in the unseen (A)</p> Signup and view all the answers

How did the narrator feel after receiving the trophy from Fred Smith?

<p>Unfulfilled by the achievement (D)</p> Signup and view all the answers

What was a significant factor in the narrator's decision to leave his corporate job?

<p>Ambition to start a business (B)</p> Signup and view all the answers

Which biblical passage did the narrator find particularly inspiring during his hard times?

<p>Psalm 23 (B)</p> Signup and view all the answers

What did the Small Business Administration help the narrator achieve?

<p>Key relationships with government clients (C)</p> Signup and view all the answers

What lesson does the author suggest regarding major companies and change?

<p>Change represents opportunity. (A)</p> Signup and view all the answers

What was the initial focus of the company Transport Administrative Services?

<p>Auditing railroad invoices (D)</p> Signup and view all the answers

Which of the following companies is incorrectly matched with its historical change?

<p>IBM - Changed name from Operating Systems Company (B)</p> Signup and view all the answers

Which concept does James 2:17 emphasize?

<p>Faith must be paired with action. (A)</p> Signup and view all the answers

Why did the narrator's company eventually lose its minority-owned status?

<p>Broader client base and growth (C)</p> Signup and view all the answers

Flashcards

Adaptability in Life

Change is inherent in life, from the cosmos to individuals, making life interesting and dynamic.

Change and Faith

Embracing change requires faith in the unknown, as seen in biblical figures like Noah and Abraham who ventured into the unfamiliar.

Change and the Unknown

Change often involves venturing into the unknown, which calls for courage and accepting the risk.

Resistance to Change

Many people find change challenging because it requires stepping into unfamiliar territory and taking risks.

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Biblical Examples of Change

Stories of Noah and Abraham in the Bible exemplify faith and resilience in the face of significant change.

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Faith's importance

Faith is crucial for achieving goals and overcoming challenges, especially when facing uncertain futures.

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Faith and Hope

Faith is the substance of things hoped for, the evidence of things not seen. Hope involves patient waiting for what we don't see.

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Faith and Hard Work

Faith and hard work combine to achieve great results. Prayer and effort are essential.

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Adapting to change

Adaptability is a key factor in success for businesses. Companies who recognize, and adapt to change have a competitive edge.

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Business Adaptability Example - DuPont

DuPont transitioned from gunpowder manufacturing to diverse products over time, demonstrating adaptability.

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Business Adaptability Example - IBM

IBM transitioned from manufacturing scales to becoming a major technology company, reflecting adaptability.

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Impact of SBA

The Small Business Administration (SBA) can help small minority-owned businesses gain crucial opportunities.

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Venture into entrepreneurship

Leaving a secure job to start a business requires faith, courage and confidence.

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Importance of Belief in Scripture

The author of the passage uses scripture as a guide to overcome challenges and achieve success in business

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Importance of Patience in Faith

Significant change often requires patience. Progress isn't always immediate.

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Study Notes

Adapting to Change

  • Change is a natural, constant aspect of life, from the cosmos to individuals.
  • Change is essential for interest and progress; without it, life would be monotonous.
  • Change in the universe necessitates adaptation; it isn't always easy, requiring faith and risk.

Biblical Examples of Adapting to Change

  • The Bible highlights faith in facing unseen changes, exemplified by Noah and Abraham.
  • Noah built an ark in response to God's warning of a flood.
  • Abraham obeyed God's call to travel to an unknown destination.
  • Faith is the substance of things hoped for, the evidence of things not seen.
  • Hope requires patience for significant change.
  • Faith and hard work are essential for achieving desired outcomes.

Personal Experience in Adapting to Change

  • Author's experience transitioning from a corporate job to starting his own business.
  • Leaved $65,000 a year job for a venture.
  • Facing personal and financial risk.
  • Strong faith in God guided this decision.
  • Twenty-third Psalm was a source of comfort and affirmation.

Importance and Success of Adapting to Change for Businesses

  • Change represents opportunities for businesses and success.
  • DuPont's evolution from gunpowder manufacturer to other sectors.
  • Pony Express's evolution into American Express.
  • IBM's transition from calculating machine maker to major computer company.
  • Honda's shift from motorcycle manufacturer to car manufacturer.
  • The need for corporations to adapt in the fast-paced changing environment, like World Wide Technology in internet industry.

Rapid Growth of the Internet

  • The Internet's rapid growth surpasses previous technologies in adoption.
  • Significant growth from 3 million consumers in 1994 to over 180 in the US and Canada at the time of writing.

Author's Conclusion

  • Author's decision to adapt to change demonstrates the need for faith and hard work.
  • Author's faith in God enabled the adaptation to change.

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